The coatings for elevated temperature erosion resistance in circulating fluidized bed (CFB) boilers were fabricated by high velocity arc spraying process and CrB powder wire. The microstructure and phase component of the coating were examined by optical microscopy(OM) and Transmission electron microscopy (TEM). The properties including microhardness, adhesion strength and in-situ erosion rate of the coating were measured. The failure mechanism was also discussed based on the experimental data. The OM results showed that the coating consisted of individual flat lamella, thin oxide layer, porosity and very small amount of particle which characterized as different shape and color respectively. TEM results indicated that the phases within the lamella were mainly composed of α phase, amorphous phase and other nanosized particle phase of Fe23(C,B)6, Cr23C6 etc.. The amount of amorphous phase near the substrate was more than that in the other area indicating that the appearance of amorphous phase was related to the high cooling rate of the coating. The microhardness was about 860~1100HV0.2. The coating exhibited high erosion-corrosion resistance, which was about six times as 20G steel. The advantage of the coating with excellent performance, simple process and low cost made it possible to find potential application in power plants.